Russell Investments has added the Multi-Asset Income Strategy fund to its multi-asset product lineup.

The fund has a long-term objective and provides diversified exposure to traditional and non-traditional assets including equities, fixed income, real assets and absolute return portfolio segments, Russell says in a release. (The fund was previously named LifePoints Balanced Income, the company says.)

Russell also changed the strategic asset allocation for some multi-asset portfolios “in response to high equity valuations, the potential for greater market risk, uncertain U.S. government policies and lower expected long-term returns,” Russell says. The changes affect its Multi-Asset Income Strategy, Multi-Asset Growth & Income and Multi-Asset Growth Strategy products.